The Abia State Government has started disbursing interest-free loans to 302 youths trained in agricultural ventures, Commissioner for Information and Culture Okey Kanu announced.
“The process for the disbursement of interest-free loans has commenced,” Kanu said, noting that Governor Alex Otti approved the loan disbursement in September.
The youths were trained earlier this year at CSS Global Integrated Farms in Nasarawa as part of the state’s efforts to boost food production.
Kanu said that the state Ministry of Agriculture would ensure that the loans were disbursed according to due process to ensure that the purpose of the funds would be realized.
“Beneficiaries will not be given one balloon payment; rather, the disbursement will be in tranches on milestones that will be tied to the level and extent of work done by the beneficiaries.
“All these are to ensure that the loans are adequately utilized,” Kanu said.
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